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China JushiFY2016Overview
FY2016 overviewProducts and glass-fiber technologyProjects and construction progressSubsidiaries and invested companiesMarkets, customers and suppliersCash generation and working capitalDebt and related-party balancesOperating risks and business commitmentsSite operations and environmental evidence
Annual business review / fy2016-business-close-20261006

China Jushi FY2016: Business overview

Annual operating overview and a source-linked guide to the detailed research topics.

Evidence-linked English operating research. The source and stated coverage below define the scope of this version. Source-page links provide optional verification; the English account is intended to stand on its own.

Reporting period ended 2016-12-31 / Filing published 2017-03-21
Content version 15 / 4fde7276b75f / PUBLISHED

Explore this year by topic

Products and glass-fiber technologyProducts, applications, research and commercial progress.Projects and construction progressNamed projects, stages, capacities and construction evidence.Subsidiaries and invested companiesOrganizational roles, reported holdings, operating figures and reporting boundaries.Markets, customers and suppliersProduct and geographic economics, channels and disclosed trading relationships.Cash generation and working capitalCash flows, receivables, inventory and accounting context.Debt and related-party balancesFunding, maturities and related-party settlement obligations.Operating risks and business commitmentsBusiness risks, guarantees, integration commitments and treasury oversight.Site operations and environmental evidenceWorkforce and site-level operating disclosures, permits and evidence gaps.

Business and operating model

A materials business with central purchasing and multiple bases

Glass fiber and related products generated RMB 7.303899973 billion, or 98.09% of total revenue. The report retains central bulk purchasing across Tongxiang, Chengdu, Jiujiang and Egypt, flexible production guided primarily by sales, and a combination of direct sales, overseas trading subsidiaries and distributors. Reported foreign sales were 48.20% of main-business sales. These operating arrangements connect the manufacturing footprint to customers without assuming each product was made at every base.

Reported disclosureFY2016 annual report, p. 6 ↗FY2016 annual report, p. 11 ↗

Markets and operating development

Product mix, customers and operating results

Management focused on wind-energy yarn, thermoplastic products, chopped strands and glass fiber products, with dedicated production and dispatch for important products and customers. Revenue reached RMB 7.4463337 billion. The top five customers represented 12.88% of annual sales; related-party sales within that group represented 9.32% of the total. A stated focus on higher-end customers is not a quantified product-specific market share or an exclusive relationship with each customer.

Reported disclosureFY2016 annual report, p. 9 ↗FY2016 annual report, p. 10 ↗FY2016 annual report, p. 12 ↗

Plans and reading context

Read the complete annual research snapshot

Sources and scope

What this guide establishes

  • This page presents selected business disclosures from the FY2016 full annual report. It is not an exhaustive extraction of every disclosure.
  • Event dates stated in the text may differ from the reporting year. Later events disclosed before filing are identified explicitly; later annual reports are not inserted into this historical account.
  • The Chinese source was translated and compared with the cited pages in separate passes by the same assistant. Independent editorial review and publication approval remain pending.
  • Capacity, production, sales, project budgets and construction expenditure are different measures. Repairs and programme phases are not automatically incremental capacity.
  • Important governance source pages 19–47 have completed source-to-reader material selection, including distributions and share registration, control and pledges, related-acquisition registration, subsidiary guarantees, idle-proceeds products, workforce resources, environmental reporting limits and bond/credit scopes. Ordinary activities, complete account rosters and governance procedures remain in the source archive. One-share table differences, bond payment-date wording, financial versus registration stages, unused blank treasury fields and environmental evidence limits remain explicit. Business and management remain partial, while financial pages 48–126 require complete important-material selection. Source-use basis and independent editorial approval are separate pending requirements.
  • Important business pages 6–8, management pages 8–19, governance pages 19–47 and financial pages 48–126 have completed source-to-reader material-selection comparison. Shared chapter boundary pages are preserved. Product, manufacturing, development, markets, capital allocation, operating constraints and dated risk explanations answer the selected operating questions. Routine activities, awards, forecasts and accounting subdetails are condensed with reasons; original documents, facts and frozen historical versions remain. Generic technical definitions help explain terms without assigning later catalogue specifications to 2016 products. Original cost totals, project ratio and milestone differences, lease depreciation, currency rates, credit provision bridges, parent percentage and registration/date scopes remain explicitly isolated. Auxiliary unknown specifications or coordinates do not require unlimited counterparty research. Source-use basis, independent editorial approval and final publication/PDF acceptance remain separate requirements.
FY2016 full annual report ↗
Chinese / A-share / Chinese Accounting Standards / Published 2017-03-21
PDF SHA-256: aa002910e2f04f6c6a30d3195854c189d363d9f2ad18ff831c5e2a2abbb7b4c2